Coastal GasLink price tag climbs to $14.5 billion and could go even higher

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The 670-kilometre pipeline, which will ship natural gas to LNG Canada’s export facility in Kitimat, British Columbia once complete, is now expected to cost around $14.5 billion — and could cost a further $1.2 billion if construction is extended into 2024, the company said in a release Feb. 1.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.

We continue to be laser-focused on safely completing this critical piece of energy infrastructure at the lowest possible cost, which will enable Canada’s first direct path for LNG exports. The project will provide substantive benefits for Indigenous and local communities across the project route, our customers, the Western Canadian Sedimentary Basin, as well as playing a vital role in enabling global energy security and emissions reduction contributing to global climate goals.

The company said it is still targeting mechanical completion by the end of 2023, with commissioning and clean-up work continuing into 2024 and 2025. TC Energy, however, also acknowledged that its risk analysis had considered the potential impact of an extension of the construction schedule “well into 2024,” a delay which it estimates would increase the cost by up to $1.2 billion.

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Coastal GasLink price tag climbs to $14.5 billion and could go even higherTC Energy\u0027s Coastal GasLink pipeline is expected to cost $14.5 billion and add $1.2 billion if construction is extended into 2024. Read on. Not 'could' but 'will'. Bet you dollars to doughnuts that the feds are about to post a $10 billion loan guarantee for them. Our government continues to defraud the public. Fire these corrupt politicians now! This was as predictable as the setting sun. Add another 5 billion to the cost and extend it to through 2025 will be the next update
Source: VancouverSun - 🏆 49. / 61 Read more »

Coastal GasLink price tag climbs to $14.5 billion and could go even higherTC Energy\u0027s Coastal GasLink pipeline is expected to cost $14.5 billion and add $1.2 billion if construction is extended into 2024. Read on. Ummm, anybody has info about that defi bot everybody's talking about Shame on Canada, shame on the Liberals shame on the NDP. Here we have a cash fountain and they just do everything they can to shut it down.
Source: financialpost - 🏆 7. / 85 Read more »

TC Energy raises estimated cost to complete Coastal GasLink project to $14.5-billionThe new estimated cost is up from the previously pegged amount of $11.2-billion, as TC Energy faces a skilled labour crunch and adverse weather conditions What a scam
Source: globeandmail - 🏆 5. / 92 Read more »

The Daily Chase: Awaiting U.S. Fed rate decision; TC Energy’s Coastal Gaslink price rises - BNN BloombergIt’s decision day for U.S. Federal Reserve Chair Jay Powell, as the world’s most-influential central bank is poised to deliver its latest rate decision.
Source: BNNBloomberg - 🏆 83. / 50 Read more »